Barclaycard and Virgin Money Credit Card Debts... 19.5K total

Teekaylon

And recieved a letter from B/card yesterday telling me to phone them as my offer to pay £50.00 a month doesnt meet with there official reduced payment structure,no chance am i going to ring them as they will likely just want to try and squeeze me for what i havnt got!!

pip10

cg81 wrote: »

Is that on a temporary plan? An arrangement. They've said I can call them but then I only sent my letter back to them yesterday re Full and final so will see what comes back from that. They'd be getting near 50% settlement having accrued near £1k in interest from me in time the debt has been with them.

It was an offer of token payments of £1 (for the foreseeable future i suppose until my circumstances change). Of the ones that accepted - they said they would accept this for a certain length of time. One said 4, one said 8 and one said 12 months. They said they would review the situation then (whatever this means).

pip10

Teekaylon wrote: »

And recieved a letter from B/card yesterday telling me to phone them as my offer to pay £50.00 a month doesnt meet with there official reduced payment structure,no chance am i going to ring them as they will likely just want to try and squeeze me for what i havnt got!!

Yeah, don't ring them. Where did you get the £50 from? Was this what you were advised to offer?

Teekaylon

I wasnt advised to offer this amount Pip its what i can afford to pay each month as oppesed to being able to pay my full minimum repayment, the cash is basically what i have left after i have paid all my outgoings

Teekaylon

I havnt posted here for a while so just thought i would update my situation, i dont seem to be getting that much grief at all from my creditors thus far... although by that very statement im probably tempting fate maybe :rotfl:

anyway Virgin Money..... hardly any grief whatsoever i have been paying them the £50.00 a month had pledged to pay and the only correspondence i have recieved has been a notice of arrears at the weekend


Barclaycard are a little different.... i find them really spikey to deal with, i have spoken to them several times on the telephone and they just tell me everything is against there lending policy.. i sent them my SOA weeks ago and recieved a fone call from a indian call center last week telling me to ring a UK number to discuss my situation by the 19th june :think: ... why didnt the UK number just ring me ...doh!!!

Both of these cards have been suspended by the lender

Teekaylon

Update......


Am now managing my own DMP with both of my creditors

B/card are being paid £54.00 (10.5K Debt) a month have zeroed interest and charges for me

Virgin Money are being paid £50.00 (£8.5K Debt) a month and also have zeroed interest and charges.... these are both 12 month agreements

all ok so far quite a breeze in fact

Superbiatch

You're doing great I'm getting a bit of grief at the moment, hassle to pay a bit more but nothing I can't handle

Teekaylon

Yeh once i started answering phone calls things really were not that bad at all i would recomend it to anyone haha! (NOT) :eek: